eBookShow Me HowJanuaryFebruaryMarchAprilMayJuneHigh-Low Method for a Service CompanyContinental Railroad decided to use the high-low method and operating data from the past six months to estimate the fixed and variable components of transportationcosts. The activity base used by Continental Railroad is a measure of railroad operating activity, termed "gross-ton miles," which is the total number of tons multiplied bythe miles moved.Transportation Costs384,000429,000278,000416,000334,000452,000Determine the variable cost per gross-ton mile and the total fixed cost.Variable cost (Round to two decimal places.)Total fixed cost$1,299,8001,449,2001,024,2001,389,4001,165,3001,494,000Gross-Ton MilesCheck My Work 2 more Check My Work uses remaining.All work saved.LA$凸per gross-ton milePreviousUpaNext >

A flexible budget is one whose quantity changes based on the volume of goods or services produced or…

eBook Show Me How High-Low Method for a Service Company Continental Railroad decided to use the high-low method and operating data from the past six months to estimate the fixed and variable components of transportation costs. The activity base used by Continental Railroad is a measure of railroad operating activity, termed "gross-ton miles," which the miles moved. the total number of tons multiplied by January February March April May June Transportation Costs $1,299,800 1,449,200 1,024,200 1,389,400 1,165,300. 1,494,000 384,000 429,000 278,000 416,000 334,000 452,000 Determine the variable cost per gross-ton mile and the total fixed cost. Variable cost (Round to two decimal places.) Total fixed cost Gross-Ton Miles IT per gross-ton mile

eBook Show Me How High-Low Method for a Service Company Continental Railroad decided to use the high-low method and operating data from the past six months to estimate the fixed and variable components of transportation costs. The activity base used by Continental Railroad is a measure of railroad operating activity, termed "gross-ton miles," which the miles moved. the total number of tons multiplied by January February March April May June Transportation Costs $1,299,800 1,449,200 1,024,200 1,389,400 1,165,300. 1,494,000 384,000 429,000 278,000 416,000 334,000 452,000 Determine the variable cost per gross-ton mile and the total fixed cost. Variable cost (Round to two decimal places.) Total fixed cost Gross-Ton Miles IT per gross-ton mile

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question Content Area Prior to installing a JIT system, Grindstone Company used machine hours to assign maintenance costs to its three products of 4-inch, 6-inch, and 9-inch insulation. The maintenance costs totaled $432,000 per year. The machine hours used by each product and the quantity produced of each product are as follows: Machine Hours Quantity Produced 4-inch 5,000 15,000 rolls 6-inch 12,000 12,500 rolls 9-inch 7,000 11,200 rolls After installing JIT, three manufacturing cells were created, and the cell workers were trained to perform maintenance. Maintenance costs for the three cells still totaled $432,000; however, these costs are now traceable to each cell. Cell, 4-inch $125,000 Cell, 6-inch 175,000 Cell, 9-inch 165,000 The maintenance cost per roll of 9-inch insulation before JIT is installed would be a. $14.00. b. $11.25. c. $7.75. d. $30.00.
Chapter 20 Excel Online Problems eBook High-low method for a service company Show Me How Office 365 Sierra Railroad Inc. decided to use the high-low method and operating data from the past six months to estimate the fixed and variable components of transportation costs. The activity base used by Sierra Railroad is "gross-ton miles," which is the total number of tons multiplied by the miles moved. January February March April May June Transportation Costs Gross-Ton Miles $732,000 217,000 816,200 242,000 576,800 157,000 782,500 235,000 656,300 841,400 189,000 255,000 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. Open spreadsheet Determine the variable cost per gross-ton mile and the total fixed cost. Variable cost (If required, round to two decimal places.) $ Total fixed cost $ X per gross-ton mile
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Sac low + Clas Cop Hig Hig Cen Brav Gre Sca Shopping 中 agenow.com/ilmn/takeAssignment/takeAssignmentMain.do?inprogress=true eBook High-Low Method for Service Company River Runs Railroad decided to use the high-low method and operating data from the past six months to estimate the fixed and variable components of transportation costs. The activity base used by River Runs Railroad is a measure of railroad operating activity, termed "gross-ton miles," which is the total number of tons multiplied by the miles moved. Transportation Costs Gross-Ton Miles January February $826,400 228,000 921,400 255,000 March 651,200 165,000 April 883,400 247,000 May 740,900 198,000 949,900 268,000 June Determine the variable cost per gross-ton mile and the fixed cost. Round variable cost per gross-ton mile to two decimal places. 2.9 per gross-ton mile Variable cost $ Fixed cost s Feedback Check My Work Divide the difference between the highest and lowest transportation costs by the difference between the…